Hong Kong

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Macau gambling industry experiences a rapid growth these days thanks to the Lunar New Year celebrations bringing in an increased number of tourists from Mainland China and Hong Kong. The city officials have rep...

Tigre de Cristal Casino Resort’s Operator Considered for a $116 Million Sale

Oriental Regent Ltd, a vertical of the Hong Kong-listed Summit Ascent Holdings Ltd, is to sell its gaming and hotel operations in Russia. As reported, Oriental sells its wholly-owned subsidiary G1 Entertainment...

Macau Reaches 121,000 Daily Average in Tourist Arrivals During Christmas Holidays

As expected by the Macau gaming and travel stakeholders, the Christmas season has brought a strong visitor activity to the region. GGRAsia reports that city officials recorded more than 362,600 visitors from De...

Far East Consortium International Ltd. Receives Approval To Spin-Off And List Palasino Holdings

Far East Consortium International Ltd. (FEC), a flagship global real estate developer based in Hong Kong, revealed that it has got validation from the Hong Kong Stock Exchange to continue with the spin-off of P...

International Entertainment To Invest $1Billion In New Coast Hotel Manila Expansion

Hong Kong-listed leisure enterprise International Entertainment Corp will reportedly invest between US$1.0 billion and US$1.2 billion into the development and establishment of a hotel and casino resort in Manil...
hong kong

Oh Luen’s Sales Manager Pleaded Guilty in Wynn Macau Bribery Case

After the bribery case in Hong Kong was revealed in May last year, the sales manager who has been charged with offering various bribes has pleaded guilty.  Guilty over the bribery: The employee and former d...

SJM Holdings Experiences 241% Year-Over-Year GGR Growth

SJM Holdings, a flagship owner, operator and developer of casinos and IRs in Macau, revealed gross gaming income (GGR) of HK$5.66 billion, approximately US$722 million, for the three months to June 30th, 2023, ...

OKBet Unexpectedly Halts Operations; Shuts Down Every VIP Room In Philippines

OKBet Infinity Inc, a flagship online gaming and junket operator, has halted its operations along and shut down its VIP rooms in the Philippines without prior notice. Decision made by the Board of Directors:...

Galaxy Entertainment To Open Andaz Macau Next Month

Galaxy Entertainment, the parent company of Galaxy Casino S.A., has revealed that it will officially open its newest hotel, Andaz Macau, on September 15 of this year. In addition, the said hotel, which is a Hya...

Success Universe Group To Renovate Floating Casino Macau Palace In Its Future Expansion

Success Universe Group, the investor and operator of Macau's Ponte 16 casino, revealed on June 9th that it's currently in the midst of discussions with the government about its future expansion plans, which wil...

NagaCorp’s Cambodian Casino Project Completion Pushed from 2025 to 2029

A prominent real-estate developer and casino operator, NagaCorp Ltd, announced the delay in completing the latest Cambodian gaming project. The construction of the Naga 3 facility scheduled to complement the Na...